India is the world's second-largest market for elevators and escalators, behind China, with elevator demand expected to stand at 49,000 units at the end of this year, according to Sebi Joseph, President, Otis India.

The increase in spending on real estate and infrastructure has led to an ever increasing demand for cement. Currently, India is the second largest consumer of cement in the world. In light of this, JSW Cement is working hard to double its output to 20 mt by 2020, as reported.

JNPT’s (Jawaharlal Nehru Port Trust) latest plan of tender calling out last week to all Container Freight Station (CFS) operators could prove to be a respite for businesses that suffered initial hit from the Modi Government’ latest initiative – Direct Port Delivery (DPD). The new plan offers CFS operators to bid directly to operate under the new regime.

With India on a trajectory of growth for the past few years, there is an urgent need to adapt stronger, durable, environment-friendly, ecologically appropriate, energy-efficient yet cost-effective materials and technologies in construction.

The domestic consumption of cement increased by 9.12 per cent in eight months, but exports declined. India dispatched 26.339 MT of cement, indicating growth of 6.36 per cent over the corresponding period in previous fiscal.

Fifty-seven inter regional power transmission projects worth Rs 7,268 crore have been sanctioned under the Power System Development Fund (PSDF) scheme. The total inter regional transmission capacity, according to the Ministry of Power, stands at 63,650 MW.

The elevator and escalator market in India has registered growth in the last few years on the back increase in number of high-rise buildings, expansion and construction of airports and metros, construction of malls and hotels across the country especially in Tier-I and Toer-II cities, and increasing acceptance in the residential sector.